Mango, a Decentralised Finance (DeFi) platform has been exploited by hackers for over $100 million, marking the second such unauthorized break-in this week.
The BNB chain (CRYPTO: BNB), the native cryptocurrency that powers the Binance exchange, was operational after being suspended temporarily following a major exploit of around $100 million.
The U.S. Securities and Exchange Commission (SEC) announced a $1 million fine against Tether’s (CRYPTO: USDT) former auditing firm Friedman LLP over violations of the federal securities laws.
The world’s largest cryptocurrency exchange Binance is launching zero-fees trading for Ethereum (CRYPTO: ETH) on its platform.
What Happened: Binance said that the zero fees trading option for ETH would go live on Friday.
Bitcoin (CRYPTO: BTC) has fallen by over 10% since Friday, currently trading at around $20,900 and back below the 200 weekly MA (which is at around $23,100).
The NFT space continues to be impacted and feeling the heat even more. Coming into the third week of August, the global sales volume for NFT is around $639 million. With that, this could be the third consecutive month that NFT sales fall below the $1 billion mark.
Beginning with Bitcoin (CRYPTO: BTC) which was launched in 2009, the crypto market has grown exponentially to now offer more than 20,000 unique crypto tokens from which investors can choose.